| | | | Deal Case: Valor Capital Group | Dolado In October 2020, Valor Capital led a USD2.2m seed round for Dolado, a Brazil-based company that provides SMEs with access to the technology tools to manage their inventories, improve sales through a digital presence, source products through a B2B marketplace and gain access to credit.
With Valor Capital's support, Dolado served SMEs from 128 cities in Brazil. Merchants listed over 68,000 products on Dolado, reaching over 420,000 online visits despite a practically null marketing expenditure.
Dolado has structured a product offering focused on positively impacting and empowering entrepreneurs from underserved regions and vulnerable backgrounds. The company is currently one of the main supporters of Instituto Responsa, a Brazilian initiative focused on non-discrimination of people impacted by the justice system. Approximately 15% of Dolado’s operational workforce was previously incarcerated. LAVCA's Eighth Annual Latin American Private Capital ESG Deal Awards awarded Valor Capital Group a 2022 Social Responsibility Award for their investment.
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Equitas Capital, through its Equitas Capital III fund, acquired Cerro Capurata, a Chile-based copper mining business with a focus on sustainable industrial processes. Read more #Real Assets
Mexico-based fintech Covalto (formerly Credijusto) secured a MXN1.8b (~USD90m) credit line extension from Fideicomisos Instituidos en Relación con la Agricultura (FIRA), bringing the debt facility to a total of up to MXN3.8b (~USD189m). DFC also granted a USD10m unsecured loan to the startup. Read more #VC
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Axxon Group agreed to exit Brazil-based agricultural product retailer Casa do Adubo to Nutrien, a US- and Canada-listed provider of crop inputs and agricultural services. Axxon first invested in Casa do Adubo in July 2018. Read more #PE
BASF Venture Capital, the CVC arm of German chemical conglomerate BASF, led a USD10m round for Traive, a Brazil-based lending platform for agricultural producers. Read more #VC
Vector Partners, the private capital division of Vector Casa de Bolsa, invested MXN150m (~USD7.5m) in Macropay, a Mexico-based company that sells mobile phones on credit. Read more #PE
Reworth, a Mexico-based cashback and customer engagement platform for financial institutions, raised a USD6.6m seed extension with participation from JAM Fund and Actyus and angels Daniel Vogel (Bitso), Alfonso de los Rios (Nowports) and Ricardo Weder (Jüsto). ALLVP led the USD2.8m seed round in October 2021. Read more #VC
Lightspeed Venture Partners led a USD5m seed round for Fidu, an Argentina-based operations and payment platform for educational institutions, with participation from NFX, Imaginable Futures and Broom Ventures. Read more #VC
HoyTrabajas, a Colombia-based recruiting platform for blue collar workers without a professional degree, raised a USD5m seed round from Newtype Ventures, Rebel Fund, Starling Ventures, SCM Advisors, AngelHub, New Ventures & Fundacion Botnar, Flucas Ventures and several others. Read more #VC
Mexico-based short-term rentals platform Kukun raised USD4.5m from FJ Labs, Antelo Capital, Bridge Partners and View Capital. Read more #VC | | | Upcoming Events & Trainings | LAVCA Research + Directories | | | | | | |
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